[Congressional Record (Bound Edition), Volume 146 (2000), Part 2]
[Senate]
[Pages 1878-1879]
[From the U.S. Government Publishing Office, www.gpo.gov]



              AFFORDABLE EDUCATION ACT OF 1999--Continued


                           Amendment No. 2844

   (Purpose: To make permanent the special coordination rule between 
 qualified tuition programs and the Hope and Lifetime Learning credits)

  Mr. COVERDELL. Mr. President, I ask that the Graham amendment No. 
2844 be called up.
  The PRESIDING OFFICER. The clerk will report.
  The assistant legislative clerk read as follows:

       The Senator from Florida [Mr. Graham] proposes an amendment 
     numbered 2844.

  The amendment is as follows:

       Beginning on page 15, line 16, strike all through page 16, 
     line 17, and insert:
       ``(iv) Coordination with hope and lifetime learning 
     credits.--The total amount of qualified higher education 
     expenses otherwise taken into account under clause (i) with 
     respect to an individual for any taxable year shall be 
     reduced (after the application of the reduction provided in 
     section 25A(g)(2)) by the amount of such expenses which were 
     taken into account in determining the credit allowed to the 
     taxpayer or any other person under section 25A with respect 
     to such expenses.

  Mr. COVERDELL. Mr. President, I ask unanimous consent that the 
amendment be agreed to and that the motion to reconsider be laid upon 
the table. This is not the amendment the Senator from Florida described 
earlier and has been vetted to the Finance Committee.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 2844) was agreed to.
  Mr. COVERDELL. Mr. President, I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.

[[Page 1879]]

  The assistant legislative clerk proceeded to call the roll.
  Mr. SMITH of New Hampshire. Mr. President, I ask unanimous consent 
that the order for the quorum call be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  Mr. SMITH of New Hampshire. Mr. President, I ask unanimous consent 
that I may speak as in morning business for no more than 10 minutes.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  Mr. SMITH of New Hampshire. I thank the Chair.
  (The remarks of Mr. SMITH of New Hampshire pertaining to the 
introduction of S. Con. Res. 87 are located in today's Record under 
``Statements on Introduced Bills and Joint Resolutions.'')

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